All Forum Posts by: Stephen I.
Stephen I. has started 6 posts and replied 11 times.
Post: Contractor estimate for Investor...Newbie
Stephen I.Posted
- Westminster, MD
- Posts 13
- Votes 3
Hi All,
I am a newbie from Westminster, MD. I have done quite some research and read a lot about REI and i am ready to get my first investment property.
As part of my research on learning how Contractors charge investors as opposed to retail, i met a contractor whom i seem to like and if i'm told on here that he's fair, i'll keep him.
He told me he works with other investors and he charges them 15% of renovation cost. i.e; He bills for Materials and Labor and he charges 15% on total of both. My question is; isn't Labor part of his profit? Also, i am sure he would've marked up Material cost.